Indonesian Government Raises IDR 9.5 Trillion through State Sukuk Auction

The Government of Indonesia has raised IDR 9.5 trillion through the auction of State Shariah Securities (SBSN), also known as State Sukuk, on the 1st of September 2020. The amount raised was higher than the initial target of IDR 8 trillion.

According to a statement released by the Directorate General of Financing and Risk Management, Ministry of Finance, the total incoming bids received from the State Sukuk auction amounted to IDR 38.3 trillion.

The SBSN Series auctioned included five tranches of the State Treasury – Shariah (SPN-S) and Project Based Sukuk (PBS) series, namely SPN-S 0203202, PBS-027, PBS-026, PBS-025 and PBS-028, which are expected to mature between the 2nd o...